ROSEN, A TOP RANKED INVESTOR RIGHTS LAW FIRM, Encourages Civitas Resources, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CIVI

Core Viewpoint - Civitas Resources, Inc. is facing a class action lawsuit due to allegedly misleading statements regarding its oil production and financial condition during the specified class period from February 27, 2024, to February 24, 2025 [1][3]. Group 1: Class Action Details - The Rosen Law Firm is reminding investors who purchased Civitas securities during the class period of the July 1, 2025, deadline to become a lead plaintiff in the class action [1][2]. - The lawsuit claims that Civitas made materially false statements and failed to disclose significant risks related to its oil production and financial health, which led to investor damages when the truth was revealed [3]. Group 2: Allegations Against Civitas - Civitas is alleged to have been likely to significantly reduce its oil production in 2025 due to declines following a production peak in Q4 2024 and low TIL count at the end of 2024 [3]. - The company would need to acquire additional acreage and development locations to increase oil production, which would incur significant debt and require asset sales [3]. - The financial condition of Civitas necessitated disruptive cost-reduction measures, including a significant workforce reduction, which overstated its business and financial prospects [3].